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The recent approval of a spot ETH ETFs has driven price rallies, especially among altcoins, as investors eagerly anticipate its possible market impact.
This event highlights the broader market implications of the ETH ETF approval. Analysts have pointed out that Ethereum supports more than 20,000 altcoins within its ecosystem.
The approval of ETH ETFs could pave the way for greater acceptance and regulatory clarity for these altcoins, potentially resulting in significant price increases and increased network activity. This article highlights the top six altcoins that are gaining momentum, driven by the ETF’s impact.
Sei (SEI)
Sei operates as a Cosmos-based layer-1 blockchain, with a core objective of revolutionizing digital asset trading, particularly within the decentralized exchange (DEX) ecosystem.
Its goal is to replicate the speed and convenience offered by centralized exchanges while maintaining the security and decentralization inherent in blockchain technology. Recently, $SEI has been trading within the range of $0.501 to $0.596, with a relative strength value of 47.97, indicating a neutral market stance.
Currently priced at $0.526, with immediate resistance at $0.54, Sei displays potential for an upward movement upon breaching this level. However, its immediate support stands at $0.49, suggesting a possible downside if this support level is breached.
Drawing upon its technological advancements and capacity to meet the escalating demands of the digital asset community, it is projected that $SEI’s price could potentially reach $0.895 by the end of 2024. Check out our guide on how and where to buy $SEI token here.
5th Scape (5SCAPE)
5th Scape, an innovative platform revolutionizing Virtual Reality (VR) experiences, has successfully raised $6.2 million in its presale phase. The platform will offer a diverse library of 3D VR games spanning genres like MMA, cricket, soccer, archery, and more.
The developers aim to establish a comprehensive VR ecosystem built on the Ethereum blockchain, going beyond just game development to include the creation of a VR headset and ergonomic gaming chair to enhance players’ adventures.
However, the real innovation lies in the team’s vision for a decentralized marketplace known as the ‘Development Center,’ designed to empower content creators and developers to thrive. This marketplace will furnish developers with tools and resources to craft their own VR experiences.
We’ve reached $6.0M 🚀, VR is a Revolution and We $5Scape as a Community are the Trendsetters 🎉
Thanks to YOU, our awesome community! 🙌 💖
Get ready for next-level gaming adventures and VR Innovations as we embark on this exciting journey together! Let's make magic happen… pic.twitter.com/RvUmUyU8ws
— 5th Scape (@5th_scape) May 21, 2024
Central to all these offerings is $5SCAPE – 5th Scape’s native utility token. $5SCAPE will facilitate transactions within the 5th Scape ecosystem, and token holders will enjoy discounts on new game releases and educational materials. Potential buyers can visit our guide on how to buy $5SCAPE token here.
The $5SCAPE token supply will be capped at 5.21 billion tokens, with 80% allocated to presale buyers and the remaining 20% divided between exchange liquidity and the project’s treasury, ensuring sustained development and price stability.
Presently, buyers can acquire $5SCAPE tokens at presale for $0.00327, while the token’s initial exchange offering price is slated to begin at $0.01, reflecting a 205% premium from today’s valuation. Stay updated on 5th Scape’s latest developments by following them on X or joining their Telegram channel.
Pepe (PEPE)
Pepe, the famous frog-themed meme coin, has maintained its bullish momentum, soaring by over 75% in the past seven days. Over recent days, $PEPE’s value has surged, repeatedly hitting new all-time highs (ATHs).
Within the last 24 hours alone, $PEPE’s value has skyrocketed by more than 5.84%, reaching $0.0000160, establishing yet another ATH and sustaining an impressive performance streak over the past three months.
Pepe coin’s market capitalization has surged past $6.75 billion, underscoring a significant surge in investor interest and community backing, while also intensifying investment appeal.
With a year-to-date price surge exceeding 1011%, $PEPE coin has illustrated an extraordinary growth trajectory propelled by social media buzz and the burgeoning popularity of meme coins.
Given that meme coins often experience substantial short-term gains driven by hype and momentum, sustaining this growth hinges on sustained community involvement, wider adoption, and favorable market conditions.
This meteoric rise has sparked speculation about Pepe coin’s potential to attain a $1 valuation within the current year.
To discover the full list of the top six altcoins to consider after the ETH ETF approval, watch the video above and subscribe to his YouTube channel. Additionally, join Jacob Crypto Bury’s Discord server for valuable trading insights and information on upcoming crypto presales.
Dogeverse (DOGEVERSE)
Dogeverse, one of the standout successes in meme coin presales for 2024, has already amassed over $15 million and is approaching the conclusion of its presale phase. It distinguishes itself as the pioneering multi-chain meme coin, poised to operate across six chains concurrently.
Initially debuting on Ethereum owing to its strong security and widespread adoption, Dogeverse intends to extend its presence to five additional blockchains after a successful launch on Ethereum.
One notable advantage of this strategy is that presale investors will have the flexibility to choose their preferred blockchain for claiming their $DOGEVERSE tokens, highlighting the project’s commitment to user convenience.
Furthermore, $DOGEVERSE offers immediate staking upon token acquisition, with presale investors already staking 30.4 billion $DOGEVERSE tokens, yielding estimated rewards of 53% APY. Investors have one last opportunity to purchase $DOGEVERSE tokens at the price of $0.00031 each.
Get ready to blast off with Cosmo! 🚀🌀
⏳ #Presale ends on June 3rd at 10 AM UTC!
🌐 Claim launches on June 5th at 10 AM UTC!
This is your LAST CHANCE to join Cosmo on his #Blockchain adventures before the official launch! 🌌
Don’t miss out! The clock is ticking! 📣… pic.twitter.com/QwpzWcm947
— DogeVerse (@The_DogeVerse) May 23, 2024
Dogeverse is set to conclude its successful presale on June 3rd, just under of eight days from now, with investors eagerly anticipating the token claiming opportunity on June 5th at 10am UTC.
While the Dogeverse team has yet to unveil the specific crypto exchanges for listing, their website indicates progression into phases three and four of their roadmap post-presale.
These phases involve kick starting marketing campaigns, applying for CoinMarketCap and CoinGecko listings, securing initial DEX listings, and updating DEXTools and Birdeye.
To keep up with the most recent developments of the Dogeverse presale, follow their X account and join their Telegram group. To take part in the $DOGEVERSE token presale visit thedogeverse.com.
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